Business
Sylogist acquires Collaborative Learning Network Inc.
Sylogist acquires Collaborative Learning Network Inc..
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\n\nCALGARY, Aug. 29 /CNW/ - Sylogist Ltd. (TSX VENTURE:SYZ) (\"Sylogist\" or\nthe \"Company\") is pleased to announce it has completed the acquisition of all\nof the outstanding shares of privately-held Collaborative Learning Network\nInc. (\"Collaborative Learning Network\" or \"CLN\") of Edmonton, Alberta.\nCollaborative Learning Network has provided information technology\nsolutions and support services to the higher education and K-12 education\nmarket for more than 6 years. Thousands of students in school districts across\nCanada are using CLN's Eduport Web-based education portal.\nCLN has demonstrated a profitable business model generating average\nannual before tax earnings of $250 thousand over the past 3 years. A\nsubstantial portion of its revenue is recurring. CLN extends Sylogist's reach\nin the K-12 educational marketplace from school and student administration to\non-line education. CLN's highly successful Eduport provides a secure and\nuser-friendly platform for electronic communication, collaboration, learning\nresource management, and eLearning. CLN will re-locate to Sylogist's Bellamy\nSoftware division office in Edmonton. Ken McDonald, CLN's President & CEO will\nlead Sylogist's business development activities within the educational\ndivision.\n\"We are very pleased to have Collaborative Learning Network join our\nstrong and growing K-12 educational sector business. CLN, through Ken\nMcDonald's leadership and his talented solution design team, has pioneered the\ndevelopment of a highly successful Web-based educational platform that\nprovides school boards with efficient and cost effective management of\neducation and administrative information resources. We are confident Ken's\nabilities will achieve significant growth for Sylogist in the educational\nsector. CLN's success has generated excitement within the K-12 educational\ncommunity. The Eduport offerings dovetail with our current educational\nadministration and student information systems providing a complete portfolio\nof service and product offerings for the K-12 marketplace.\" stated Jim Wilson,\nPresident and CEO of Sylogist.\n\"CLN is very excited to join the Sylogist team! Combining the K-12\nofferings of Sylogist with CLN's award-winning Eduport solution will provide\neducation customers with 'one-stop shopping' for their information tech...